UPDATE 1-Curacao seizes PDVSA oil terminal in Dutch Caribbean over dispute [Reuters]
ConocoPhillips (COP)
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Source: Reuters
Curacao seizes PDVSA oil terminal in Dutch Caribbean over dispute (Reuters) - Curacao state-owned oil refinery Refineria di Korsou (RdK) on Friday seized an oil storage terminal on the Dutch Caribbean island of Bonaire over a payment dispute with Venezuela’s state-run PDVSA oil firm, a RdK official said. Curacao will seek Dutch court approvals to sell Bonaire Petroleum Corp (BOPEC), which is owned by PDVSA, and its 10-million barrel storage terminal if no payments are received, said Marcelino de Lannoy, managing director of RdK. De Lannoy, who disclosed the seizure in a video statement, did not detail the amount of money PDVSA owed RdK and could not immediately be reached for further comment. Neither PDVSA nor BOPEC General Manager Reginald Pinto responded to requests for comment. PDVSA and the Venezuelan government have missed billions of dollars in payments to creditors in recent years as the once-prosperous OPEC nation’s economy unraveled, putting many of its overseas assets at ris
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